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ARTICLE · 29 JANUARY 2024

Changes To Minimum Wage, Severance Payments And Administrative Fines In 2024

Gün + Partners
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At the beginning of each year, the minimum wage, severance payments and administrative fines prescribed by the Labour Act are revised. This article provides an overview of the 2024 changes...

TurkeyEmployment and HR
Beri̇l Yayla Sapan
Beri̇l Yayla Sapan
Kardelen Özden
Kardelen Özden
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At the beginning of each year, the minimum wage, severance payments and administrative fines prescribed by the Labour Act are revised. This article provides an overview of the 2024 changes, which came into effect on 1 January 2024.

Minimum wage

In 2023 the monthly minimum wage rate was 10.008.00 Turkish liras (gross), which was increased to 13,414.50 Turkish liras (gross) as of 1 July 2023. As of 1 January 2024, this has increased to 20.002.50 Turkish liras (gross). In this regard, the net minimum wage shall apply as 17.002,12 Turkish Liras between 1 January 2024 and 31 December 2024.

The minimum wage applies to all employees, regardless of age, industry and experience. The only exception concerns employees who work in underground coal and lignite mines, where the minimum wage must equal at least twice the regular rate.

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